UK IoT middleware market is projected to witness considerable growth during the forecast period. This high internet penetration rate has been acting as the major motivator of the cloud services market in the region, which in turn, drives the IoT middleware market. The developed economy established base of business customers, and lack of infrastructure hurdles present in other countries, make UK an important market for cloud vendors.
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UK IoT industry has witnessed the adoption of cloud computing services by both central and local governments. Moreover, most of the key US providers such as IBM and Microsoft offer services in this competitive market and are well represented in key UK industry groups. However, Brexit is expected to cause turbulence and adversely affect the UK cloud computing industry, which, in turn, will have a negative impact on the IoT middleware industry. Major firms are likely to put planned data centers on hold due to new UK regulations and instead locate them to other EU nations such as Ireland.
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UK IoT middleware market is classified on the basis of platform and vertical. Based on the platform, the market is segmented into device management, application management, and connectivity management. Based on vertical, the market is segregated into energy & utilities, manufacturing, automotive, retail, healthcare, and others. The manufacturing sector is one of the major end-users of IoT middleware. The IoT middleware for the manufacturing market is estimated to project a considerable CAGR during the forecast period. Major applications of IoT in manufacturing further include connected factory and inventory management, which are expected to offer growth opportunities to the IoT middleware market during the forecast period.
UK IoT middleware market is influenced by product development and advancements conducted by the market players. Some of the global key players operating in the UK IoT middleware market include Cisco Systems, Inc., Microsoft Corp., Oracle Corp., IBM Corp., SAP SE, Schneider Electric SE, and Robert Bosch GmbH. These players are playing a significant role in the growth of the IoT middleware market by providing various products and adopting several strategies such as merger and acquisition, partnerships and collaboration, technological development, and others.
Market Segmentation
UK IoT Middleware Market by Platform
• Device Management
• Application Management
• Connectivity Management
UK IoT Middleware Market by Vertical
• Energy & Utilities
• Manufacturing
• Automotive
• Retail
• Healthcare
• Others (BFSI and Defense)
Company Profiles
• Amazon Web Services, Inc.
• Cisco Systems, Inc.
• Deutsche Telekom AG
• Fujitsu Ltd.
• GoogleLLC
• IBM Corp.
• Microsoft Corp.
• MuleSoft, LLC
• Robert Bosch GmbH
• SAP SE
• Schneider Electric SE
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